Insure-Tech: The Latent Massive Opportunity In Nigeria And Africa

Insure-Tech: The Latent Massive Opportunity In Nigeria And Africa

In this videocast, I discuss why it is time for startups in Nigeria and Africa to pay attention to the insurance sector. As one of the least penetrated, yet relatively matured sectors, in Nigeria, insurance offers opportunities which must be unlocked. Fintech does not end in remittance and banking – it extends to insurance. As we see the integration of BVN (bank verification number) and  NIN (national identity number), quality data will be available for entrepreneurs to build products which will  grow Nigeria’s insurance sector, currently at 0.4% penetration rate.

 


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